64 results for “bogus purchases”+ Section 13(3)clear
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Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
bogus 6 Sri.C.Shaji. purchases. Accordingly, this ground raised by the assessee is dismissed. 9. The next issue for our consideration reads as follow:- “The disallowance of Rs.2,81,63,141/- as cash purchase in excess of Rs.20,000/- citing the provisions of Section 40A(3) is highly unreasonable and against law. As per Section 40A(3